Monday, December 17, 2012

Land Of Missed Opportunity

For the first time, the United States does not rank as one of the world’s ten most prosperous nations, as rated by London’s Legatum Institute. The authors of the report found that the U.S.’s slippage is being driven by “a decline in the number of US citizens who believe that hard work will get them ahead.”
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Consistent with this finding is the fact that for the first time in history, the average Canadian is wealthier than the average American. Canada has a conservative government, and they have passed us like we are standing still. Which we are, at best.

Parts of Europe aside, the rest of the developed (and much of the developing) world seems to be getting wealthier. If President Obama wanted to share the wealth, he's getting his wish, but not in the way he meant.